Posts Tagged ‘Jaguar’

Global Reveal of the All-New Jaguar XJ

Thursday, July 9th, 2009
All New Jaguar XJ
© Jaguar Cars Ltd.

Jaguar Cars tonight officially unveiled the all-new XJ car at the Saatchi Gallery in Chelsea, London.

Hosted by Jay Leno, one of the world's best-known chat show hosts and a renowned car enthusiast, the launch of the new Jaguar flagship was attended by an invited audience that included public figures, business leaders, celebrities and media.

Jaguar Cars Managing Director, Mike O'Driscoll, commented: “These are truly exciting times for us at Jaguar. The new XJ is truly beautiful, exhilarating to drive, and with its bold, enlightened approach to design, it meets the challenges of our fast-changing world. It re-imagines the ultimate sporting luxury car.” (more…)

Ford Motor Company Announces Agreement to Sell Jaguar Land Rover to Tata Motors

Wednesday, March 26th, 2008

Dearborn, MI — Ford Motor Company [NYSE: F] announced today that it has entered into a definitive agreement to sell its Jaguar Land Rover operations to Tata Motors.

The transaction is the culmination of Ford's decision last August to explore strategic options for the Jaguar Land Rover business, as the company accelerates its focus on its core Ford brand and “One Ford” global transformation.

The sale is expected to close by the end of the next quarter and is subject to customary closing conditions, including receipt of applicable regulatory approvals.

The total amount to be paid in cash by Tata Motors for Jaguar Land Rover upon closing will be approximately US $2.3 billion. At closing, Ford will then contribute up to approximately US $600 million to the Jaguar Land Rover pension plans. (more…)